WGBS
First red day Supernovae. Finished red over 36.5% last time, so more down side might not be in the cards. If it had fallen much less than 10% then more could be expected as plausible. Always watch day 2 of a busted one. The plan is to play for more reddening on day 2. Conditional entry. A flat, nominally green or red open that immediately sells off on heavy volume or sports traditional confirmed weakness cues is a fade entry. Keep flat on high volume greening or strength, especially early. This is very likely given the huge red result of Tuesday. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action, like trading above the opening price level after the noise candle. Avoid spike up long scalps, too. Selling volume was low, range wide. Weak short signals at best on those counts, but watch it.
GTATQ
Another initial red session Supernovae. It fell only 2% so more downside is likely than the above stock. Otherwise, see those comments for general approaches.
CANF
Watch again since this recent initial red session Supernovae is still up so much it might have another down day left in it.
NTN
Same thing here. A recent initial red session Supernovae still up enough for a surprise sell-off encore.
TAXI
B/O scan. I like it long back over 8.10 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Tuesday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Tuesday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Low volume on the rise, a good sign for new buys. Exiting below 7.50 on fails after trigger entry is possibly advisable. Early r/g buy?
IDT
Bullish Engulfing. I like this long over 15.43/holds. Moderate volume on the rise, which is a tepid sign for new buyers. Keep flat on real weakness aside from a typical red to green move, etc. Stops just under the low last time or the initial 30 minute one on Wednessday. More conservatively a stop placed under Tuesday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 14.75 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
VBLT
In play both ways. As a long on continuation of momentum above 10/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 9.50/and holds. Or as a scalp sell on a pop down at or near the bell. Avoid all big gaps. Be careful maintaining a short on a reversal back over 10. The fade is more likely given the price action on Tuesday, but keep an open mind.
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First red day Supernovae. Finished red over 36.5% last time, so more down side might not be in the cards. If it had fallen much less than 10% then more could be expected as plausible. Always watch day 2 of a busted one. The plan is to play for more reddening on day 2. Conditional entry. A flat, nominally green or red open that immediately sells off on heavy volume or sports traditional confirmed weakness cues is a fade entry. Keep flat on high volume greening or strength, especially early. This is very likely given the huge red result of Tuesday. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action, like trading above the opening price level after the noise candle. Avoid spike up long scalps, too. Selling volume was low, range wide. Weak short signals at best on those counts, but watch it.
GTATQ
Another initial red session Supernovae. It fell only 2% so more downside is likely than the above stock. Otherwise, see those comments for general approaches.
CANF
Watch again since this recent initial red session Supernovae is still up so much it might have another down day left in it.
NTN
Same thing here. A recent initial red session Supernovae still up enough for a surprise sell-off encore.
TAXI
B/O scan. I like it long back over 8.10 and holds. Ideal to stay over that on tests aside from early noise if it triggers. Stops also possible just under the close on Tuesday or the 1st 30 minute low of Wednesday. Avoid all shorts and all big gaps. The low on Tuesday is too far away to use for risk managing stops. Also a long on spiking up at or near the gun as a scalp. Low volume on the rise, a good sign for new buys. Exiting below 7.50 on fails after trigger entry is possibly advisable. Early r/g buy?
IDT
Bullish Engulfing. I like this long over 15.43/holds. Moderate volume on the rise, which is a tepid sign for new buyers. Keep flat on real weakness aside from a typical red to green move, etc. Stops just under the low last time or the initial 30 minute one on Wednessday. More conservatively a stop placed under Tuesday's close, too. The low on that day is not too far away to use for stops. Ideally stays above 14.75 on pull backs to remain viable as a long if it triggers. No big gaps or shorts.
VBLT
In play both ways. As a long on continuation of momentum above 10/holds. Or as a scalp up at or near the gun for a scalp buy. Or, as a short on a fall fail of 9.50/and holds. Or as a scalp sell on a pop down at or near the bell. Avoid all big gaps. Be careful maintaining a short on a reversal back over 10. The fade is more likely given the price action on Tuesday, but keep an open mind.
New users: Read my trading guide for my play set-ups!
Review my blog at Investimonials:
Follow me now on Twitter:
Watch my instructional trading videos on YouTube:
Subscribe to Big T by e-mail:
Subscribe to Big T in a news reader:
The blog has a terms of service. Be sure to read it at:
http://traderbigt.blogspot.com/2010/02/please-read-my-terms-of-service-i.html
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